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CX: thinly traded, no [credit derivatives] dealer side support; lacks any supporting correlation market. almost entirely useless. cds/cdx/etc are still entirely otc with no participant interest in becoming more transparant.

This is interesting. But it remains just that: interesting. If it's meant to be a quant trading system, then the paper lacks the necessary validation and verifications. If it's meant to be a theoretical paper, it lacks foundation. Keep in mind that formal finance has moved beyond gaussian...

I am obsessed with efficiency. Is education efficient? I do not want to battle this question. It is; I believe. Am I efficient with education? You may very well be right. You might be very smart and very efficient. But you see, I (or any other hiring manager facing you) don’t know this. I...

(1) It's incredibly naive to think that a personal introduction from your father or others some how takes away from the legitimacy of your career. It doesn't. Word of mouth is a very usual channel for recruitment. From the perspective of a hiring manager, the person being recommended is known to...

It's true, there's some extra red tape. However, it's easy enough to open a business account in NYC with a NJ certification of formation. It's well accepted. The only issue is whether NJ would want a chunk of the income from earnings outside of NJ by virtue of the LLC being NJ registered. I...

Please note that I'm not soliciting legal or accounting advice - just shooting the breeze with my fellow traders and doing some brainstorming. I've read some excellent tax perspectives here and want to get some inputs. So I live in NYC and want to start a trading strategy consulting business...